PPL Electric Utilities customers to see lower supply charge ahead of winter heating season - 69News WFMZ-TV

PPL Electric Utilities customers to see lower supply charge ahead of winter heating season | Lehigh Valley Regional News | wfmz.com

ALLENTOWN, Pa. - PPL Electric Utilities customers who don’t shop for electricity supply will see a drop in their supply price, according to a news release from PPL.

The price will decrease starting Dec. 1.

The supply charge is included in the Price to Compare and passed along to customers without markup, PPL said. The PTC is updated twice per year and is the price customers should use to compare offers from alternative energy suppliers, according to PPL.

PPL says the new Price to Compare will change on Dec. 1, 2023, to:

Residential customers: the new rate is 11.028¢/kWh, which means the monthly electric bill for an average residential customer will drop by about $11.00.

Small business customers: the new rate is 11.386¢/kWh, which means the monthly electric bill for an average business customer will drop by about $3.00.

The Dec. 1, 2023, decrease of the PTC follows larger decreases that took effect on June 1, 2023. This year, PPL says the Price to Compare has decreased by more than 24% for residential customers and almost 23% for small business customers.

“As we head into the winter heating season, we are pleased to pass along these savings to our customers who don’t shop for a supplier,” said Christine Martin, president of PPL Electric Utilities. “We are committed to procuring reliable and stable energy supply for our customers. We will continue to take steps to improve operating efficiency and control costs on our end while delivering reliable service.”

About the Price to Compare

PPL Electric delivers electricity, but it doesn’t own the power plants where electricity is generated. Customers who don’t shop for electricity supply pay the default rate, or Price to Compare, which is updated twice per year based upon competitive energy auctions, PPL said. The supply cost is passed along without markup to customers.

PPL says it encourages customers to stay up to date on PTC changes by signing up for alerts on pplelectric.com/alerts.

Shopping for energy supply

PPL says customers are encouraged to use the Price to Compare as a reference point. Customers can shop by visiting the Pennsylvania Public Utility Commission’s PaPowerSwitch.com website.

PPL Electric says customers should carefully read the terms and conditions to understand the price, contract term, potential cancellation fees and any other conditions that may apply. For tips on shopping, people can visit pplelectric.com/ShopSmart.